CoreWeave prices $1.75 billion of 9.75% senior notes due 2031

CoreWeave priced $1,750 million of senior notes at a 9.75% coupon, maturing October 1, 2031. The company upsized the offering by $500 million from its original size. Proceeds are for general corporate purposes, including repaying existing debt, which signals a high cost of borrowing for the company.

• $1.75 billion aggregate principal amount
• Coupon of 9.75%, maturing October 1, 2031
• Proceeds for general corporate purposes, including debt repayment